Choosing the Right Type of Bankruptcy

60 Washington Street, Morristown, NJ 07960, (973) 540-9127

Chapter 7
A Chapter 7 bankruptcy will eliminate all your unsecured debt. There are a few exceptions,is-bankruptcy-for-me.jpg
such as student loans, certain taxes and child support obligations. However, not everyone qualifies for a Chapter 7. If you make over a certain gross amount you may not be able to do this type of bankruptcy. If you have property worth above the allowed exemptions, you may not want to do a Chapter 7 bankruptcy.

Chapter 13
Chapter 13 will stop a foreclosure. Over a period of 3 to 5 years you can catch up on your
arrearages. The amount that you repay on your unsecured debt is determined by either
your income and/or non-exempt assets.

Initial Meeting
At our meeting we will determine which type of bankruptcy is best for you.


Bankruptcy and Financial Services for Debt Relief    
l mortgage foreclosure
l wage garnishment
l credit score
l car payments
l lawsuits
l what property you can keep
l taxes
l matrimonial obligations
l leases
l retirement plans
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